Pictet Asset Management Holding SA Has $88.97 Million Holdings in Citigroup Inc. $C

Pictet Asset Management Holding SA trimmed its position in shares of Citigroup Inc. (NYSE:C) by 12.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 784,856 shares of the company’s stock after selling 113,958 shares during the period. Pictet Asset Management Holding SA’s holdings in Citigroup were worth $88,973,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in C. Vanguard Group Inc. raised its position in Citigroup by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock valued at $19,048,467,000 after acquiring an additional 4,938,923 shares in the last quarter. Capital World Investors increased its stake in shares of Citigroup by 6.5% during the 3rd quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock worth $4,797,292,000 after purchasing an additional 2,871,074 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Citigroup by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock worth $5,036,712,000 after purchasing an additional 189,548 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Citigroup by 4.0% during the 4th quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock valued at $3,990,422,000 after purchasing an additional 1,326,224 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of Citigroup by 2.6% in the 4th quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company’s stock valued at $3,954,307,000 after purchasing an additional 846,772 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C opened at $142.61 on Tuesday. The company has a market capitalization of $243.23 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 0.61 and a beta of 1.12. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a one year low of $84.61 and a one year high of $147.96. The company’s fifty day moving average price is $131.82 and its 200 day moving average price is $121.15.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. The company had revenue of $24.63 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 earnings per share. As a group, analysts expect that Citigroup Inc. will post 10.8 earnings per share for the current year.

Citigroup declared that its board has approved a stock buyback plan on Thursday, May 7th that authorizes the company to buyback $30.00 billion in shares. This buyback authorization authorizes the company to purchase up to 13.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, May 4th. This represents a $2.40 annualized dividend and a yield of 1.7%. Citigroup’s dividend payout ratio is presently 29.74%.

Insider Activity at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 2,117 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $125.30, for a total value of $265,260.10. Following the sale, the director owned 12,194 shares of the company’s stock, valued at $1,527,908.20. This trade represents a 14.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total value of $3,285,250.00. Following the completion of the transaction, the insider directly owned 182,022 shares in the company, valued at approximately $23,919,511.02. This represents a 12.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.11% of the stock is owned by corporate insiders.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup announced a multi-year $30 billion share repurchase program and raised its quarterly dividend after completing the Federal Reserve’s 2026 stress test, signaling confidence in capital strength and a larger return of cash to shareholders. Should Citi’s (C) US$30 Billion Buyback and Dividend Hike Require Action From Investors?
• Positive Sentiment: Management is also highlighting AI adoption to cut costs and improve efficiency, which could help Citi expand margins and strengthen long-term earnings power. Citigroup Bets Big on AI to Drive Efficiency & Long-Term Growth
• Positive Sentiment: Citi’s research also pointed to a potentially large tokenized-assets market, estimating real-world assets moving on-chain could reach $2.7 trillion to $8.2 trillion by 2030, reinforcing the bank’s positioning in digital assets and next-gen market infrastructure. Tokenized Assets Could Hit $8.2 Trillion by 2030
• Neutral Sentiment: Separate commentary suggested open-source AI models are gaining traction as access to frontier models tightens, which supports Citi’s broader AI thesis but is not a direct catalyst for the stock. Citi flags open-source moment in AI as model access tightens
• Neutral Sentiment: Broader reports that major banks may post strong quarterly results are supportive for the sector, but they are not specific to Citi’s fundamentals. Major Banks Poised for Strong Quarterly Results, Outlook, Deutsche Bank Says

Analyst Ratings Changes

C has been the subject of a number of recent research reports. Piper Sandler reiterated an “overweight” rating and issued a $145.00 price objective (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. JPMorgan Chase & Co. boosted their price target on Citigroup from $131.00 to $135.50 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Royal Bank Of Canada reiterated an “outperform” rating and set a $139.00 price target on shares of Citigroup in a research note on Wednesday, April 15th. Jefferies Financial Group started coverage on Citigroup in a report on Thursday, March 26th. They set a “buy” rating and a $135.00 price objective on the stock. Finally, Keefe, Bruyette & Woods raised their price objective on Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $139.62.

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.